 | 1900 - 802 pages
...husband. — Taylor v. Insurance Co., 39 SW 185, 15 Tex. Civ. App. 254. 7. Debtor and Creditor. [a] A creditor has an insurable interest in the life of his debtor, and may take out a policy upon the life of the latter, or the policy may be taken out In the name of... | |
 | Walter A. Shumaker, George Foster Longsdorf - 1901 - 1016 pages
...support, gives an insurable interest to the person benefited. 12 Mass. 115: 57 Vt. 496; 66 Mo. 63. A creditor has an insurable interest in the life of his debtor. 23 Conn. 244. INSURANCE. A contract whereby, for an agreed premium, one party undertakes to indemnify... | |
 | United States. Supreme Court - 1901 - 1556 pages
...SW 625, 7 LRA 224, and n., all holding similarly; Sheets v. Sheets, 4 Colo. App. 453, 36 Pac. 311, a creditor has an Insurable interest In the life of his debtor; Kessler v. Kuhns, 1 Ind. App. 517, 27 NE 982. reviewing authorities, and holding the holder of a valid... | |
 | Walter Smith Cox - 1901 - 392 pages
...otherwise, the policy will be treated as a gambling policy and be held void, as against public policy. A creditor has an insurable interest in the life of his debtor, and an insurance of such life is frequently made a part of his security upon the loan of money. A wife... | |
 | William Alexander Kerr - 1902 - 936 pages
...not within the class which, by the constitution of the insurer, is entitled to take the benefit.23 A creditor has an insurable interest in the life of his debtor, and may insure it in an amount proportionate to the amount of the debt, and the expense of keeping... | |
 | 1904 - 1078 pages
...on account of assessments or premiums, or an assignment to one having any other insurable interest. That a creditor has an insurable interest in the life of his debtor is well settled. When the assignment of a policy is made in good faith to secure a subsisting debt,... | |
 | Richard Holmes Coote - 1904 - 1044 pages
...interest as trustee has been held to be sufficient to support the validity of a policy (c). It is settled that a creditor has an insurable interest in the life of his debtor to the extent of the debt, as the prospect of his obtaining payment is considered to be diminished... | |
 | William Reynolds Vance - 1904 - 748 pages
...than the debt is illegal and void. Debtor and Creditor — Amount of Insurance. It is well settled that a creditor has an insurable interest in the life of his debtor,188 but it is diff1cult to ascertain from the authorities just what is the nature of that interest,... | |
 | Ernest Wilson Huffcut - 1905 - 360 pages
...his minor children. If one has a pecuniary claim upon another, he may insure that other's life. Thus a creditor has an insurable interest in the life of his debtor. Mere relationship by blood or marriage does not of itself create an insurable interest. One brother... | |
 | Charles Burke Elliott - 1907 - 688 pages
...will illustrate the extent and nature of the interest which will sustain a contract of life insurance. A creditor has an insurable interest in the life of his debtor, at least for the amount of his debt.88 In states which permit the assignment of a valid policy to an... | |
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... a creditor has an insurable interest in the life of his debtor, at least where he has only the personal security of the debtor 
